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Pin to quick picksKodal Minerals Share News (KOD)

Share Price Information for Kodal Minerals (KOD)

London Stock Exchange
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Share Price: 0.43
Bid: 0.42
Ask: 0.44
Change: -0.005 (-1.15%)
Spread: 0.02 (4.762%)
Open: 0.435
High: 0.435
Low: 0.42
Prev. Close: 0.435
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TRADING UPDATES: Capital in Anglogold pact; Round Hill valuation rise

Tue, 16th Mar 2021 20:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Capital Ltd - Africa-focused mining services firm - Inks two new long-term three year contracts at AngloGold Ashanti Ltd's Geita gold mine in Tanzania. Pacts will generate revenue of USD65 million.

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Coro Energy PLC - South East Asian energy company - Says it has received valid acceptances for 37.2 million shares in open offer.

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San Leon Energy PLC - oil and gas producer in Nigeria - Says operations at OML 18 asset, Nigeria are low amid OPEC output restrictions. "In addition, appropriate budget restrictions have been implemented which are designed to preserve cash," San Leon says. To receive USD98 million in three equal instalments beginning in July related to its investment in OML 18. Midwestern Oil & Gas Co Ltd, guarantor of the loan notes, says there will be a delay on an interim repayment made for fourth quarter of last year. "Midwestern has acknowledged that the outstanding payment of USD4.25 million to San Leon is overdue and has explained that the delay has been caused by the combined effects of Covid-19, OPEC quota cuts and the fall in the oil price during 2020," San Leon says.

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Trans-Siberian Gold PLC - gold producer in Russia - Total mineral resource estimate at Asacha gold mine in Russia has increased to 645,000 ounces as of December 31. Reports 43% increase in Asacha's overall gold resource inventory. "I am delighted to report a significant upgrade to the resources at our flagship Asacha gold mine following a successful drilling campaign. Our resource base has increased significantly in quantity and confidence category levels extending the life of mine at Asacha," Chief Operating Officer Eugene Antonov says.

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Panthera Resources PLC - gold exploration and development company with assets in West Africa and India - Says India introduces MMDR2021 bill on mining and mineral regulations. "As the bill has only recently been made available, the company is yet to seek formal legal advice on its application to our investments in India and any comments expressed herein are merely preliminary," Panthera notes. Says bill may "have an impact" on joint-venture partner Metal Mining India Pvt Ltd and its bid to secure approval of its prospecting licence applications for the Bhukia and Taregaon projects in India.

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Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Says Macarthur Minerals has called on CGG Aviation to perform an airborne electromagnetic survey of Lake Giles iron project to spot new drill targets. Cadence owns about a 1% stake in Macarthur.

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Canadian Overseas Petroleum Ltd - oil and gas company focused on Sub-Saharan Africa - Says shares suspended after sealing deal to acquire Atomic Oil & Gas LLC.

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Aura Energy - Australia-based minerals company - Expects report for half-year ended December to be lodged following Wednesday's annual general meeting. "An important part of the process is capturing the events subsequent to balance sheet date. At the annual general meeting scheduled on March 17, 2021, several resolutions will be considered by shareholders to settle previous issues and set up a solid foundation for resuming operating activities," Aura says.

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BiON PLC - Kuala Lumpur-based renewable energy services - Says two of its four biogas plants are now selling electricity to Tenaga Nasional Berhad, Malaysia's largest electricity firm. "I am pleased that we now have two of our biogas power plants selling electricity to the grid - and hope to soon be exporting power from all four plants and at maximum capacity," Chief Executive Officer Datuk Syed Nazim bin Syed Faisal says. Also notes Datuk Haji Radzali Hassan steps down as non-executive director with immediate effect.

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Kodal Minerals PLC - miner developing project in southern Mali and Ivory Coast - Receives conversion notice in relation to USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Duo convert USD250,337 into 210.9 million shares.

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Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Proposes placing to raise GBP2.6 million. Proceeds will go towards construction of a 66 kilovolt transmission line from its Lesedi project to an existing electricity grid in Botswana.

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Kore Potash PLC - potash development company focused on the Congo - Tells Australian regulators it has no explanation for recent share price increase.

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Conroy Gold & Natural Resources PLC - gold exploration & development in Ireland and Finland - Raises a total of GBP2.3 million. Secures GBP1.9 million from placing and subscription. Also inks GBP380,000 from conversion of existing debt into ordinary shares.

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Tremor International Ltd - San Francisco-based video advertising technologies firm - Submits form to US regulators in relation to offering of American depositary shares. "The number of ADSs to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is expected to take place in the second quarter of 2021 after the SEC completes its review process, subject to market and other conditions," Tremor adds.

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Blackrock World Mining Trust PLC - invests in mining and metal assets - Notes Non-Executive Director Ollie Oliveira will step down if elected to the board of Vale SA in August. "Ollie will be greatly missed by the board given his tremendous contribution during the time he has been a director but appreciates his decision given that Vale is the company's largest investment," Blackrock World Mining says.

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Round Hill Music Royalty Fund Ltd - private equity firm exclusively dedicated to investments in revenue generating music copyright assets - Says December 31 copyrights valuation was USD303.7 million, up 7.7% from USD281.9 million on June 30.

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ICG-Longbow Senior Secured UK Property Debt Investments Ltd - UK real estate debt-related investor - Net asset value per share at January 31, financial year end, falls 0.1% to 98.31p from 98.38p at the end of October.

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essensys PLC - London-based software for flexible workspace operators - Launches Flex Services platform for real estate industry customers. The platform allows real estate firms to operate and "scale up" workspaces digitally.

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Blue Prism Group PLC - Warrington, England-based robotic process automation firm - To engage with shareholders after three motions to reappoint directors face sizeable annual general meeting opposition. Votes to reappoint Jason Kingdon, Christopher Batterham and Kenneth Lever face opposition from 34%, 26% and 38% of investors, respectively. "The board will continue to engage with shareholders to understand and discuss their concerns with respect to each of the above resolutions and will provide an update in due course and within six months at the latest," Blue Prism says.

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Mothercare PLC - Hemel Hempstead, England-based retailer to parents and young children - Completes arrangement which see GBP19 million of shareholder loans converted into 189.6 million shares in the company.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Kodal Minerals shares climb after receiving prepayment

Kodal Minerals PLC - mineral exploration and development company focused on lithium and gold assets in West Africa - Announces a conditional prepayment of USD3.5 million as part of a funding package, announced in January, for the Bougouni Lithium Project agreed between itself, Hainan Mining Co Ltd and Hainan's wholly owned UK-incorporated subsidiary Xinmao Investment Co Ltd.

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Kodal Minerals shares fall as it extends Mali Project long stop date

(Alliance News) - Kodal Minerals PLC on Friday said that it has approved an extension of the long stop date to August 31 from June 30 to complete its January 19 funding package at the Bougouni lithium project in Mali.

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2 Jun 2023 11:20

IN BRIEF: Kodal notes positive assay results, funding package extended

Kodal Minerals PLC - London-headquartered West Africa-focused lithium and gold-focused exploration and development company - On Wednesday said final assay results at Bougouni lithium project confirm high-grade mineralisation with additional high-grade lithium mineralised intersections at the Boumou, Bougouni South and Ngoualana prospects. Boumou is a high-priority target for further drilling to extend and define pegmatite bodies and allow for new resource estimate. Company also confirms further extension to June 30 of deadline for completion of funding package announced on January 19, agreed with Kodal Mining UK Ltd, Hainan Mining Co Ltd and its UK subsidiary Xinmao Investment Co Ltd. Hainan had agreed to acquire 51% of Kodal Minerals for USD100 million plus USD17.75 million equity subscription at 0.5p per share. Original deadline was April 30, first extended to May 31. Conditions still not yet satisfied include the transfer of Bougouni to a new Mali mining company owned by Kodal Mining.

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IN BRIEF: Kodal Minerals agrees to extend funding long stop date

Kodal Minerals PLC - lithium and gold-focused exploration and development company - Agrees with Hainan Mining Co Ltd and its wholly-owned UK subsidiary Xinmao Investment Co Ltd to extend long stop date for Bougouni funding package to May 31 from January 19. Says extension allows some conditions to be satisfied, including the transfer of the Bougouni Project to a new Mali mining company owned by Kodal's recently incorporated UK subsidiary Kodal Mining UK Ltd. Says this restructuring is in progress although is not expected to complete by Sunday, the original deadline. Says all parties remain fully committed to the completion of the funding transaction as soon as possible.

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Kodal says China approves Hainan funding package for Bougoni project

(Alliance News) - Kodal Minerals PLC said on Thursday its funding package with Hainan Mining Co Ltd was approved by the Chinese government.

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3 Apr 2023 21:09

IN BRIEF: Kodal Minerals completes drilling at Bougouni project

Kodal Minerals PLC - Mali-focused mineral exploration and development company - Completes 41 reverse circulation and 18 diamond drill holes at the Bougouni project in southern Mali. Drilling focused on the development and extension of the Ngoualana prospect and exploration drilling at the Kola, Bougouni South and Boumou prospects. A total of 3,406 samples have been dispatched for laboratory analysis with initial high-grade assay results up to 2.78% lithium oxide returned for individual samples. Company adds it is maintaining regular dialogue with key Hainan Mining executives regarding the proposed Bougouni project development and plans to quickly move into a construction phase.

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